Past Year Paper for Fnsacc601A Marking Guide Essays

Past Year Paper for Fnsacc601A Marking Guide Essays Past Year Paper for Fnsacc601A Marking Guide Essay Past Year Paper for Fnsacc601A Marking Guide Essay This record gives itemized direction to assessors or educators as it were. It is to be utilized as a source of perspective record for checking. It isn't for use as an account report. It isn't suitable under any conditions to give this archive to understudies. About this guide This record contains guidance for assessors and instructors, to assign checks or results for all the learning exercises for FNSACC601A Prepare complex expense returns.Students must be skilled in every component to pass this appraisal In request to accomplish competency in this evaluation you should meet the necessities set out in the table beneath for each question. Question 1 2 3 4 5 6 7 Marks accessible 15 6 15 10 15 24 100 Mark Required to Achieve Competency 8 3 8 5 8 12 52 The reason for the Marking guide is to guarantee that sufficient data is accommodated predictable checking to occur. This will help guarantee that Australian Quality Training Framework prerequisites for evaluation unwavering quality are me t.Refer to the data in the footer space of this report to recognize: ? the right Assessment manage this archive alludes to-the footer data in the Assessment control and comparing Marking guide must match ? regardless of whether you have the most recent rendition of this Marking guide. 2 LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Training 2011, Version 1, June 2011 Question 1 (15 denotes) a) 7 imprints (deduct 1 imprint for every mistake) Assessable pay Gross pay Bank premium got Deductions Salaries - representatives Superannuation - representatives Interest on credit - Sally - Whitehouse money Other costs General resource pool decrease in esteem 30% of $100,000 Partnership overall gain $ 414,000 2,000 105,000 10,000 3,000 18,000 133,000 30,000 $ 416,000 299,000 117,000 (b) 4 imprints (deduct 1 imprint for every blunder) $ Partnership net gain, as above Less Salary Harry Sally Interest on capital Harr y Sally Adjusted total compensation 60,000 40,000 7,000 5,000 $ 117,000 12,000 5,000 Salaries $ Harry Sally PARTNERSHIP DISTRIBUTION STATEMENT Int. on capital $ Adj total compensation $ Share of net inc. $ 60,000 7,000 2,500 69,500 40,000 5,000 2,500 47,500 100,000 12,000 5,000 117,000 (c) 4 imprints (deduct 1 imprint for each blunder) Assessable salary Share of organization net gain Interest of credit to association Share of net capital increase ? ($500,000 320,000) less half markdown Allowable finding: Tax shortfall conveyed forward from the 2009/multi year Taxable salary $ 47,500 3,000 45,000 95,500 15,000 80,500LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Training 2011, Version 1, June 2011 3 Question 2 (6 denotes) Each part is worth 2 stamps Part An Answer is (e) None of the over one fourth of ($130,000 + $150,000) = $70,000 Answer is (e) None of the abovementioned ($96,000 + $50,000) = $146,000 A nswer is (a) $90,000 ($85,000 + $25,000 $20,000) = $90,000 Part B Part C 4 LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Training 2011, Version 1, June 2011Question 3 (15 denotes) (a) 9 imprints (deduct 1 imprint for every blunder) Assessable Income Employer commitments 125,000 + 20,000+ 15,000 Foreign Income †Canadian trust 40,000 + 10,000 Franked profits †Private Pty Ltd Franking credit †Private Pty Ltd 21,000 x 30/70 Net Capital Gain Franked profits †Listed organizations Franking credits †recorded organizations 24,500 x 30/70 Allowable Deductions Life Insurance Premiums Administration costs $ 160,000 50,000 21,000 9,000 81,000 24,500 10,500 6,000 4,000 356,000 $ 10,000 346,000Net Capital Gain on shares in Private Pty Ltd Gain on shares in ANZ Bank Ltd Gain on shares in Landfill Mining NL Less rebate 1/3 (109,000 †25,000) 45,000 †21,000 135,000 †75,000 30,000 â € 5,000 $ 24,000 60,000 25,000 109,000 28,000 81,000 (b) 6 imprints (deduct 1 imprint for each mistake) Tax Payable Tax on exorbitant non-a manageable distance (half x 30,000) x 45% personal Tax on commitments with no TFN 5,000 x 46. 5% Tax on low segment (346,000 †15,000 †5,000) x 15% Less Franking credit counterbalance Foreign duty credit PAYG Installments Tax Refundable $ 6,750. 00 2,325. 0 48,900. 00 57,975. 00 (9,000 + 10,500) 19,500. 00 7,500. 00 36,500. 00 63,500. 00 5,525. 00 LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Training 2011, Version 1, June 2011 5 Question 4 (15 denotes) (a) 5 imprints (deduct 1 imprint for every mistake) Beneficiary Present Legal Entitlement Disability Lindy Y N Rock Y Cindy Y N Dot Y Balance n/a Who evaluated Lindy Trustee Cindy Trustee Section(s) appropriate 97 98 97/101 98 99 Amount $ 30,000 20,000 36,000 17,500 16,500 120,000 b) 6 imprints (2 imprints for each trustee appraisal †deduct 1 imprint for each blunder) Tax payable by Trustee Sec 98 Trustee a/c Rock Tax on $20,000 Medicare Levy Less Low Income Offset 15% x (20,000 - 6,000) 10% x (20,000 †18,488) $ 2,100. 00 151. 20 2,251,20 1,500. 00 751. 20 Sec 98 Trustee a/c Dot Tax on $17,500 Medicare Levy Less Low Income Offset 15% x (17,500 - 6,000) underneath edge $ 1,725. 00 Nil 1,725,00 1,500. 00 225. 00 Sec 99 Trustee (balance) Tax on $16,500 15% x (16,500 - 6,000) 1,575. 00 c) 4 imprints (deduct 1 imprint for every mistake) Tax payable by Dot Tax on qualified pay ($30,000) Tax on excepted pay ($17,500) Medicare Levy Less s100 credits (12,450 + 225) Low Income Offset 1500-4% (47,500-30,000) Tax payable 45% x 30,000 15% x (17,500 †6,000) 1. 5% x 47,500 13,500. 00 1,725. 00 712. 50 15,937. 50 12,675. 00 800. 00 13,475. 00 2,462. 50 6 LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Train ing 2011, Version 1, June 2011 Question 5 (10 denotes) a) 3 imprints (deduct 1 imprint for each blunder) Retainer †Football Club Trust Distribution †perished bequest Net business salary Interest Excepted assessable pay $ 15,000 6,000 9,700 500 31,200 (10,000 †300) (b) 3 imprints (deduct 1 imprint for every mistake) $ 31,000 2,800 33,800 Income from optional trust Unfranked profits Eligible assessable pay (c) 4 imprints (deduct 1 imprint for each mistake) Tax on excepted pay of $31,200 Tax on qualified pay of $33,800 Medicare demand on $65,000 Less s100 credit Low pay counterbalance 1500-(65,000-30,000) x 4% Tax Payable 15% (31,200-6,000) 45% x 33,800 1. 5% x 65,000 12,915 100 3,780 15,210 975 19,965 13,015 6,950 LT014090 Workplace Simulation (Test A) Marking Guide, FNSACC601A Edition 1 2  © New South Wales, Department of Education and Training 2011, Version 1, June 2011 7 Question 6 (15 denotes) (a) 10 imprints (deduct 1 imprint for each mistake) ASSESSABLE INCOME G ross benefit †domesticated animals exchanging Balancing change - PC DEDUCTIONS Rations Rabbit-evidence fence Water office dam Phone lines Agistment Farm the board stores Other working Costs Decline in esteem $ 585,000 300 $ 585,300 (3 x 20) + (5 x 4) landcare tasks 1/3 x 12,000 1/10 x 6,000 54,000 †(3 x 2,000) Laptop PC (

Acids And Bases Essay Example For Students

Acids And Bases Essay What substances transformed into Acids? What substances transformed into Bases?Hypothesis: Procedure: Pour around three milliliters of your example in every one of three test tubes. Pour a similar sum on a watch glass. In the first test tube put in quite a while of methyl orange and record the shading. In the subsequent test tube, put in two drops of bromothymol blue and record the shading. In the third test tube, include two drops of phenothalein and record the shading. Utilizing the watch glass test, contact the tips of a red and a blue litmus paper and record the hues. At that point contact the tip of a bit of pH Paper and record the shading and match the shading to the graph and record the pH. Methyl O Bromothymol B Phenothalein R Litmus B Litmus pH Paper Color Congo RAA-orange/red yellow clear red pink(1) purpleOJ-red/orange yellow red pink Orange(4) purpleHA-red yellow clear red red(2) purpleBleach-orange yellow clear red orange(4) purpleVinegar-red yellow clear red red(1) purpleSH-orange blue red blue brown(12) orangeMouth wash-red yellow/green sky blue red red(1) purpleLemon J-red yellow clear red red(2) purpleWindex-Orange blue clear red blue orange(6) redPlax-orange blue lilac red orange(6) peachPickleJ-red yellow clear red red(4) brownDi gel-yellow blue lilac blue yellow(7) red Conclusion: Acids are substance mixes made up of nonmetallic components or polyotomic particles joined with hydrogen. They respond with metals to discharge hydrogen and have a pH under 7. That is the reason litmus paper turns red. So anything that turned red in my diagram was a corrosive. Bases are mixes comprised of metallic components or polyotomic particles joined with hydroxyl radicals. T hey are shaped when a few metals respond with water and have a pH over 7. They turn litmus paper blue. So anything on my outline that is blue under litmus is Bases. So from my outcomes it was extremely simple to explain which substance was a corrosive and which one was a base. Science Essays